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“The Home Buyer Advantage program has been a success thus far. MHC has reserved $12.8 million in funds for 418 Mississippi families around the state. The longer reservation period and additional funds will mean more Mississippi families can take advantage of this unique opportunity,” said Dr. Ben Mokry, Senior Vice President at MHC. “HBA helps families purchase homes while also helping communities fight off the blight of foreclosure, so it’s a win/win situation for everyone involved,” he continued

The Mississippi Home Corporation (MHC) has extended the reservation period for its Home Buyer Advantage (HBA) grant program. The previous deadline for homebuyers to reserve funds was July 15, but the reservation period has been extended to September 13, 2010. The extended reservation period will allow MHC to disburse an additional $4 million in funds that were injected into the HBA program. Available HBA funds currently stand at $5.5 million, enough to fund an additional 180 reservations based on the average grant amount.

As the housing downturn weighed on the nation’s regional markets differently, states responded with varying degrees of help. If you happen to live in a state (or are looking to move to one) that is actively propping up its housing sector, you may have the opportunity to save big when buying a home.